Canada’s trade balance for June 2021 $ 3.23 billion vs. $ 0.6 billion estimated

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Canadian international merchandise trade in June 2021

  • Before was -1.4B
  • Exports $ 53.76 billion compared to $ 49.53 billion last month.
  • Imports $ 50.53 billion vs. $ 50.92 billion last month
  • The sharp increase in exports has placed trade in a surplus position. Exports rose 8.7% in June while imports fell 1.0%
  • Exports hit record high
  • experts were up in nine of 11 product sections with non-energy exports up 5.5%
  • exports of energy products rose 22.9% to $ 11.3 billion in June. This is the highest level since March 2019. The increase is mainly attributable to a 25.7% increase in crude oil exports.
  • exports of vehicles and auto parts increased 14.9% in June following recent monthly declines linked to shutdowns caused by supply chain issues
  • exports of non-metallic metallic mineral products increased by 12.7%
  • imports fell in seven of 11 product sections
  • imports of consumer goods -3.7%
  • imports of motor vehicles felt -3.8% against + 7.7% in May
  • imports of aircraft and other transport equipment increased by 28% in June
  • exports to the United States rose 8.2% to a record $ 39.7 billion in June, supported by higher exports of crude oil and passenger cars and light trucks. Imports from the United States increased 1.9%. June’s $ 8.3 billion trade surplus was largest since August 2018

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